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SOMRS

State of Michigan Retirement System Portfolio holdings

AUM $22.6B
1-Year Est. Return 40.24%
This Fund
S&P 500
This Quarter Est. Return
+13.65%
1 Year Est. Return
+40.24%
3 Year Est. Return
+127.54%
5 Year Est. Return
+152.65%
10 Year Est. Return
+534.6%
AUM
$12.5B
AUM Growth
+$1.31B
Cap. Flow
-$79.1M
Cap. Flow %
-0.63%
Top 10 Hldgs %
22.44%
Holding
968
New
24
Increased
369
Reduced
350
Closed
18

Top Buys

Rank Stock Value
1
RITM icon
Rithm Capital
RITM
+$49.4M
2
SPNT icon
SiriusPoint
SPNT
+$44.7M
3
CVS icon
CVS Health
CVS
+$30.5M
4
ORCL icon
Oracle
ORCL
+$30.2M
5
SYK icon
Stryker
SYK
+$28.9M

Top Sells

Rank Stock Value
1
EXC icon
Exelon
EXC
+$82.5M
2
SPY icon
State Street SPDR S&P 500 ETF Trust
SPY
+$70.3M
3
GILD icon
Gilead Sciences
GILD
+$63.7M
4
MCK icon
McKesson
MCK
+$32.8M
5
COR icon
Cencora
COR
+$31.4M

Sector Composition

Rank Sector Weight
1 Technology 16.88%
2 Financials 14.51%
3 Real Estate 12.52%
4 Healthcare 12.42%
5 Industrials 9.62%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
SPG icon
151
Simon Property Group
SPG
$72.3B
$16.2M 0.13%
88,998
+400
+0.5% +$71.1K
RVTY icon
152
Revvity
RVTY
$12.8B
$16.2M 0.13%
167,929
+100
+0.1% +$9.01K
ULTA icon
153
Ulta Beauty
ULTA
$24.3B
$16.1M 0.13%
46,284
+30,200
+188% +$9.13M
PNC icon
154
PNC Financial Services
PNC
$101B
$16M 0.13%
130,676
-1,400
-1% -$173K
EOG icon
155
EOG Resources
EOG
$70.7B
$15.9M 0.13%
167,128
+1,100
+0.7% +$105K
MS icon
156
Morgan Stanley
MS
$340B
$15.8M 0.13%
374,255
– –
SO icon
157
Southern Company
SO
$107B
$15.4M 0.12%
298,130
+3,600
+1% +$176K
BSX icon
158
Boston Scientific
BSX
$71.5B
$15.3M 0.12%
399,396
+3,200
+0.8% +$122K
BLK icon
159
Blackrock
BLK
$176B
$15M 0.12%
35,080
+300
+0.9% +$126K
XYZ
160
Block Inc
XYZ
$47.5B
$15M 0.12%
200,000
-83,665
-29% -$6.06M
SPLK
161
DELISTED
Splunk Inc
SPLK
$15M 0.12%
120,000
+16,000
+15% +$2M
DE icon
162
Deere & Co
DE
$168B
$14.7M 0.12%
91,754
-300
-0.3% -$47.9K
SCHW
163
Charles Schwab
SCHW
$187B
$14.6M 0.12%
341,837
-2,300
-0.7% -$104K
NSC icon
164
Norfolk Southern
NSC
$75.1B
$14.4M 0.12%
77,049
-900
-1% -$156K
OXY icon
165
Occidental Petroleum
OXY
$55.9B
$14.3M 0.11%
215,956
-200
-0.1% -$13.2K
ZBRA icon
166
Zebra Technologies
ZBRA
$17.8B
$14.1M 0.11%
67,200
– –
GM icon
167
General Motors
GM
$76.8B
$14M 0.11%
377,720
+1,900
+0.5% +$72.2K
EXC icon
168
Exelon
EXC
$47B
$14M 0.11%
391,855
-2,421,815
-86% -$82.5M
MRSH
169
Marsh
MRSH
$91.5B
$13.7M 0.11%
145,601
+1,400
+1% +$124K
MU icon
170
Micron Technology
MU
$991B
$13.4M 0.11%
323,044
+2,400
+0.7% +$92.7K
GD icon
171
General Dynamics
GD
$106B
$13.2M 0.11%
78,127
-1,600
-2% -$270K
NOC icon
172
Northrop Grumman
NOC
$81.2B
$13.2M 0.11%
48,917
-800
-2% -$218K
AGN
173
DELISTED
Allergan plc
AGN
$13.2M 0.11%
90,056
-700
-0.8% -$101K
PLD icon
174
Prologis
PLD
$133B
$13.1M 0.1%
181,611
+1,400
+0.8% +$95.5K
ECL icon
175
Ecolab
ECL
$79.9B
$12.9M 0.1%
73,029
+200
+0.3% +$32.5K
5 6
7
8 9

Similar funds

FAM
Fred Alger Management New York $22.8B AUM 64.63% 1-Year Est. Return
BA
Bridgewater Associates Westport, Connecticut $22.4B AUM 34.48% 1-Year Est. Return
Tiger Global Management
Tiger Global Management New York $22.8B AUM 30.07% 1-Year Est. Return
AM
AGF Management Toronto, Ontario, Canada $22.3B AUM 46.42% 1-Year Est. Return
Capital Fund Management (CFM)
Capital Fund Management (CFM) Paris, France $22.1B AUM 20.49% 1-Year Est. Return
CAM
Cresset Asset Management Chicago, Illinois $23.1B AUM 27.04% 1-Year Est. Return
Luther King Capital Management (LKCM)
Luther King Capital Management (LKCM) Fort Worth, Texas $23.1B AUM 21.31% 1-Year Est. Return
DSA
Davis Selected Advisers Tucson, Arizona $21.8B AUM 23.45% 1-Year Est. Return

State of Michigan Retirement System's Q1 2019 Portfolio in Review

As of Q1 2019, State of Michigan Retirement System held 968 positions worth $12.5B, up 12% from $11.1B the previous quarter. Its ten largest holdings account for 22% of the portfolio.

Trading was light in Q1 2019: portfolio turnover was 4.3%. State of Michigan Retirement System opened 24 new positions and exited 18, leaving the 968-position portfolio largely intact.

By sector, the portfolio is most concentrated in Technology at 17% of assets, up from 15% a quarter earlier, followed by Financials and Real Estate.

  • State of Michigan Retirement System's largest Q1 2019 buy was SiriusPoint: 4,200,000 shares worth $43.6M.
  • State of Michigan Retirement System added most to Rithm Capital in Q1 2019, an estimated $49.4M increase.
  • State of Michigan Retirement System's biggest Q1 2019 reduction was Exelon, cutting an estimated $82.5M.
  • State of Michigan Retirement System fully exited Burlington in Q1 2019, selling an estimated $31.2M.
  • State of Michigan Retirement System's ten largest holdings make up 22% of its $12.5B portfolio in Q1 2019.
  • State of Michigan Retirement System opened 24 new positions and closed 18 in Q1 2019.
  • State of Michigan Retirement System's portfolio value rose 12% quarter-over-quarter to $12.5B.

Based on State of Michigan Retirement System's 13F filing for Q1 2019, filed 6 May 2019.